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ALMS · Stock Price

USD 23.76+18.73 (+372.37%)
Market Cap: $3.1B

Historical price data

Market Cap: $3.1BPipeline: 13 drugs (3 Phase 3)Patents: 5HQ: South San Francisco, United States

Overview

Alumis is a clinical-stage biotech advancing a late-stage portfolio of precision oral therapies for immune-mediated diseases, leveraging a proprietary data analytics platform to de-risk development. The company's lead asset, envudeucitinib, has delivered strong Phase 3 data in plaque psoriasis, potentially positioning it as a best-in-class oral TYK2 inhibitor. With a seasoned leadership team and a $2.91B valuation, Alumis's strategy focuses on bringing its lead program to market while expanding into adjacent immunology indications to build a multi-product company.

ImmunologyDermatologyAutoimmune Diseases

Technology Platform

A proprietary precision data analytics platform that integrates multi-omics and clinical data to identify disease drivers, patient subtypes, and de-risk the development of targeted therapies for immune-mediated diseases.

Pipeline

13
13 drugs in pipeline3 in Phase 3
DrugIndicationStageWatch
Open-Label ESK-001 + Blinded ESK-001 + PlaceboPlaque PsoriasisPhase 3
ESK-001 + Apremilast + PlaceboPlaque PsoriasisPhase 3
ESK-001 + Placebo + ApremilastPlaque PsoriasisPhase 3
ESK-001Uveitis Posterior Non-InfectiousPhase 2
ESK-001Plaque PsoriasisPhase 2

Funding History

8
Total raised:$2.0B
Series F$259M
IPO$248M
IPO$259M
Series E$259M

Opportunities

The lead TYK2 inhibitor, envudeucitinib, has demonstrated best-in-class potential in Phase 3 psoriasis trials, positioning it to capture share in a multi-billion dollar market.
Expansion into systemic lupus erythematosus and uveitis represents significant additional revenue opportunities in areas of high unmet need with limited oral treatment options.

Risk Factors

The company faces intense competition from approved biologics and other TYK2 inhibitors, requiring clear clinical differentiation for commercial success.
As a pre-revenue company, Alumis is dependent on capital markets for funding, risking shareholder dilution, and remains exposed to clinical trial failures or regulatory setbacks.

Competitive Landscape

Alumis competes directly with Bristol Myers Squibb's approved TYK2 inhibitor, Sotyktu, and a pipeline of next-generation oral TYK2 candidates from rivals like Takeda. The broader competitive set includes highly effective but injectable biologic therapies targeting IL-23 and IL-17, against which envudeucitinib must demonstrate compelling efficacy and convenience.

Company Timeline

2024IPO

IPO — $248.0M

2024Series F

Series F: $259.0M

2024Series E

Series E: $259.0M